WEEKLY REPORT AS ON 08 AUG 2020
DEMAND & SUPPLY IN MARKET FOLLOW ME: @Arktechnicalre & YOUTUBE: RESEARCH MARKET ARK ( https://www.youtube.com/channel/UCjLpaQ0jo5Xb93aHDP15lwA ) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ INDIA VIX >>> We had mentioned in our earlier week an index had been trading with lower top lower bottom formation with having stiff resistance of 25-26. This week an index made a Doji pattern. An index is having support near 21 level any breakdown below this level we could see index near 18-17 level. The momentum indicator also in a weak zone with slopping downward. MACD also in a weak zone. NIFTY 50 >>> Compared to earlier week an Index has given positive close but it has not broke earlier week high of 11341.40 which is hurdle. An Index currently trading with multiple support of 11000-10900 ne...